The Jamaica Stock Exchange US dollar market Index racked up gains on Friday, with the volume of stocks traded soaring 228 percent, with an 81 percent greater value than on Thursday, following an exchange of nine securities, compared with six on Thursday, with prices of five rising, two declining and two ending unchanged.
The market closed with an exchange of 290,134 shares for US$24,809, surging from 88,568 stocks at US$13,671 on Thursday.
Trading averaged 32,237 shares at US$2,757, well above 14,761 stocks at US$2,278 on Thursday, with a month to date average of 44,421 units at US$2,604, close to the 45,400 stocks at US$2,592 on the previous day, but lower than June, with an average of 591,343 units for US$19,218.
The US Denominated Equities Index popped 3.12 points to finish at 208.39. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.4. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of trading, First Rock Real Estate USD share declined 0.19 of a cent to end at 1.61 US cents as investors exchanged a mere 2 shares, Proven Investments popped 0.48 of a cent in closing at 10.98 US cents with traders transferring 1,586 units, Sygnus Credit Investments shed 0.08 of a cent to 7.5 US cents with 93,400 stock units crossing the exchange. Sygnus Real Estate Finance USD share ended at 5 US cents with traders dealing in 790 shares and Transjamaican Highway advanced 0.01 of a cent and ended at 2.46 US cents with 189,032 stock units crossing the market.
In the preference segment, JMMB Group 7.5% remained at US$2 with an exchange of 5,020 shares. JMMB Group US8.5% rose 1 cent to US$1.10 after the trading of 6 units, Productive Business Solutions 9.25% rallied US$1.50 to close at US$10.50 after an exchange of 45 stocks and Sygnus Credit Investments 8% increased 10 cents in closing at US$9.60 with traders trading 253 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.